2024 Social Security COLA: Smaller Increase for Retirees

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Source: The Wall Street Journal
2024 Social Security COLA: Smaller Increase for Retirees
Photo: The Wall Street Journal
TL;DR Summary

Social Security recipients can expect a 3.2% increase in their benefits in 2024, thanks to the Cost of Living Adjustment (COLA) announced by the Social Security Administration. This raise aims to help retirees keep up with inflation and rising costs of living.

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